“We are proud of our strong partnership with DFW, where we’ve delivered nearly $1 billion in civil airside and landside improvements over the last six years,” said Travis Boone, chief executive of AECOM’s U.S. West region. “To build on this legacy, AECOM and H.J. Russell & Company have formed a powerful joint venture that brings together a team of experts with unmatched knowledge of airport processes, existing relationships with key project stakeholders, and hands-on experience meeting DFW’s unique needs.”
The Airfield Management Partners joint venture has been selected to deliver planning and programming, preliminary design, procurement, design management, pre-construction, construction management, and closeout services on a delivery order basis for all phases of airside project development. These projects may include rehabilitation, improvements, and enhancements to infrastructure such as runways, taxiways, utilities, security, signage, airfield support facilities, and airport transit systems.
“As one of the nation’s leading aviation program management consultants, we look forward to providing fine-tuned best practices from our successful work on major international airports combined with our global technical expertise,” said Jennifer Aument, chief executive of AECOM’s global Transportation business. “DFW is at the forefront of airport innovation and we are honored to help deliver its next generation of airfield projects efficiently, safely, and with minimal impacts to active operations.”
DFW is one of the most frequently visited superhub airports in the world. Centered between owner cities Dallas and Fort Worth, it serves as a major job generator for the North Texas region by connecting people through business and leisure travel.
Last week the company announced it was exiting Russia in the wake of the war in Ukraine and the Russian invasion. Troy Rudd, AECOM’s chief executive officer said: “We support the people of Ukraine who are facing tremendous suffering as a result of Russia’s unlawful invasion. Russia’s actions are inconsistent with AECOM’s values and have compromised the business environment for AECOM, our clients and our joint activities in Russia. For AECOM, the impact of these actions is particularly unfortunate for our colleagues from our Russia business, and we have taken steps to provide them support during this transition. As always, our priority continues to be ensuring the safety, security and well-being of our teams throughout the region.”
The financial contribution to AECOM from its business related to Russia is not material. As a result, the Company reiterated its guidance for all financial metrics for fiscal 2022 and its long-term fiscal 2024 financial targets as provided on its first quarter fiscal 2022 earnings call.
AECOM will impair the assets of its Russia-related business and expects to incur a one-time pre-tax expense of $40 million to $50 million in the fiscal second quarter. This impact will be excluded from adjusted earnings. The cash impact from this action is expected to approximate $10 million.
Follow this site here.